Modec Signs LOI for FPSO with Petrobras
MODEC Inc. received a letter of intent (LOI) from Petróleo Brasileiro for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for the Búzios field.The firm time charter period of the contract is 21 years, it said in a press release.The new LOI will be the fifth FPSO deployed at the Búzios field, however it is the first chartered production unit for the region. Búzios is one of the offshore oil and gas fields in Brazil which forms part…
Keppel Secures $130 mln in Projects
Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras and SOFEC Inc. (SOFEC) respectively, worth a combined value of approximately S$130 million. Keppel FELS Brasil's BrasFELS shipyard has secured hull carry over work for the Floating Production Storage and Offloading (FPSO) unit P-69 from Tupi BV (a consortium formed by Petrobras Netherlands B.V., operator with 65%; Shell with 25%; and Petrogal Brasil with 10%), which is represented by Petrobras. The additional work scope on P-69 includes the installation of equipment and cables for the hull as well as the commissioning of marine systems.
Keppel Secures Marine Projects worth S$120 mln
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, "We are pleased to secure new orders from long-time customers who continue to entrust their projects with us, whether it is for turret fabrication or vessel upgrades. The first contract that Keppel Shipyard secured is from BW Catcher Limited…
Maersk Oil Orders FSO from MODEC
Maersk Oil North Sea UK limited has contracted MODEC, Inc. to supply a floating storage and offloading (FSO) vessel for the Culzean development project in the U.K. Central North Sea. The contract awards MODEC responsibility for the engineering, procurement and construction (EPC) of the FSO, while the internal turret mooring system will be designed and supplied by MODEC subsidiary SOFEC, Inc. The FSO will feature receiving capacity of 25,000 barrels of condensate per day, with storage capacity of 350,000 barrels. MODEC president and CEO, Toshiro Miyazaki, noted that the new contract represents a milestone for the company as it marks MODEC's entry into the North Sea oil and gas industry. MODEC said it expects to deliver the complete unit to Maersk Oil UK in the first half of 2018.
Keppel Reports Batch of New Projects
Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, "We are happy to be able to offer our comprehensive suite of offshore and marine solutions to our valued repeat customers, who are once again placing their confidence in Keppel by entrusting their projects with us. Keppel Shipyard will undertake for SOFEC, Inc. (SOFEC) the fabrication of an external turret mooring system for an FPSO vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana, in water depth averaging 1,500 meters. Fabrication of the turret is expected to be completed in 1Q 2015.
Gulf Copper Keeps “Calm”
Gulf Copper’s Port Arthur facility earlier this year completed a unique 10-month project to build the three massive buoys for SOFEC, buoys which will be used to offload liquid product such as diesel or gasoline in places lacking deepwater ports. In total Gulf Copper received two separate contracts to build a total of five CALM buoys (3 and 2), for SOFEC. The order is of particular interest from the yard’s view as it is a new line of business for the company. The massive buoys pictured here are Catenary Anchor Leg Mooring System…